Proof of Toss (TOSS)

Overview

Blockchain-based protocol for betting, will set a new standard for the industry of betting.

Project stage

Beta version

Detailed description

PROOF OF TOSS is an ecosystem for betting, that is developed for both the end-user (as a peer-to-peer platform) and companies supplying events on any scale. Everything is embedded in the logic of Smart Contracts, powered by RSK’s blockchain and fueled by TOSS tokens.

Problem

Fraudulent activities

Lack of trust

Long verification processes

Reliance on centralized systems

Lack of control over personal funds

Solution

PROOF OF TOSS is created for both market operators and players, both of whom are aimed at keeping their competitive advantage playing or creating as many interesting events as possible and having the opportunity to earn as much as they can.

Users get:

Full control over the funds in a crypto wallet

Multiple roles

Verified results

No termination of service

Instant payouts

Ironclad rules

Businesses get:

Increase profit margin

Eliminating transactional costs

Ability to provide better odds

No chargebacks

Better liquidity

High technology for your business

Features

Full Control Over The Funds In Your WalletUsers never lose control over their funds. Funds move from Wallet to Smart Contract to Wallet and thus cannot be hijacked, delayed or stolen by a third party.

Multiple RolesVast opportunities to win for all our users. A user can either create a Wager, place a Bet or join the Distributed Crowd Judge mechanism as a Judge.

Verified ResultsEmploying the “prisoner's dilemma” with clear risk and reward for any action taken by the crowd and relying on our random number generator to select Judges we insure that every decision will be right and true.

No Terminations Of ServiceThe PROOF OF TOSS ecosystem is fully decentralized in terms of funds ownership. Each user retains full control over their wallet and therefore will always retain their right to access and interact with the ecosystem.

Instant PayoutsAll payments and payout logic is defined in smart contracts that are run automatically inside the system by the system.

Ironclad RulesThe ecosystem operates in accordance to the rules that are embedded into Smart Contracts, all actions made by the ecosystem are automated and abide those rules.

Show details

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :TOSS

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 9,500,000 USD

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :8,500 ETH

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,100,000,000 TOSS

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :550,000,000 TOSS

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Hong Kong, Singapore, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

Activity

Social

We search, collect and organize information about different crypto
assets projects to make it easier for you to use it. The website does
not provide financial advice. Cryptoassetsrank is not responsible for
any trading decisions.